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Optionsstrategies

BTCUSDT: Falling from the price level of 40,000 USDDear valued readers, as I mentioned yesterday, BTCUSDT has broken out of its upward channel, leading to a significant decline in the price. At the time of writing, the cryptocurrency market is trading around the $40,000 mark. The downward trend is strong as the price has surpassed several important support levels, namely $41,000 and $42,000. Meanwhile, after the approval of 11 Bitcoin ETF funds, BTCUSD continues to decline on Thursday. It is expected that the price will reach $35,359. What are your thoughts on this matter? Do you agree with me?
Short
by TradingForecast_Signals
💡 $357 profit with 72% PoP STRANGLE - #1 trade in my challangeTrade Overview: Initiated my first options trade for the annual challenge on January 2nd with an IWM strangle. Observing high IVR in the index, I capitalized on the recent VIX spike to enter the 45DTE 212/188 strangle for 3.57cr. Trade Management: Rolling Strategy: Will roll legs as needed before expiration if price diverges. Loss Management: With a FWB:12K account, I'm capping floating loss at $200. Closing Strategy: Targeting to close around 21DTE. Trade Details: Symbol: IWM Option Type: Strangle 45DTE Entry Date: January 2, 2024 Entry Price: 3.57cr Required BP: $1681 Max Profit: $357 (20% of capital) PoP: 72% Positions: IWM Feb 16, 2024 212.00 CALL - Sell | Price: 1.76 | Qty: 1 | R. PnL: 0 | Commission: 1.251 | Fees: 0 IWM Feb 16, 2024 188.00 PUT - Sell | Price: 1.81 | Qty: 1 | R. PnL: 0 | Commission: 1.2511 | Fees: 0 Key Metrics: Tasty IVR: 42 (High) Breakevens: 184/215
AMEX:IWM
by TanukiTrade
USDJPY: Becoming unpredictableHello dear friends! Today, USDJPY is trading around 147.66 and is in a corrective wave within its trend, as the currency pair has just experienced a downward breakout from a marked support level. Accordingly, the USD/JPY pair is undergoing a downward trend as market confidence recovers due to expectations that the Federal Reserve will begin implementing interest rate cuts in March. Currently, the probability of this scenario is estimated at around 50:50, indicating the uncertainty of market participants. The USD/JPY pair traded lower near the 147.50 level during the European trading session on Thursday. The price has reached the 0.5 Fibonacci retracement level, making this a sensitive moment for sellers to continue their attack once again. In this scenario, the EMA 89 line will be retested and prices may further decline towards 145.500.
by TradingForecast_Signals
BTCUSDTBTCUSDT continues its downward trend on the fourth day of the week, surpassing the psychological support level of $40,000 and trading around $39,600. The strong support for further decline is evident as it trades below both EMA lines and shows a clear reversal signal from the EMA 34. On the chart analysis and using Fibonacci, there is a possibility of creating a DOW after the correction phase has taken place. The low point below the 1.618 level (which is around $35,100) will be the first profit-taking opportunity for sellers at the current time and in the scenario mentioned above.
Short
by TradingForecast_Signals
2
Where will the bears push gold?Dear friends, Today, gold continues to operate in a downward trend channel, as evidenced by its price breaking out of the previous upward channel and dipping below $2,020 in Wednesday's US trading session. At the time of writing, the price is trading around $2,016, showing a 0.12% recovery for the day. Meanwhile, the Bank of Canada (BoC) has announced that it will maintain its benchmark interest rate at 5% in line with its January policy. This statement is slightly more hawkish than expected, reducing the likelihood of an interest rate cut in April to about 40%. However, the stock market remains positive as Wall Street resumes its record-breaking rally due to better-than-expected earnings reports signaling economic health, which has a negative impact on gold. The 4-hour chart shows a long bearish candlestick from the previous peak of $2,036 down to $2,011, stabilizing within this downward channel despite a slight correction. Further evidence for this bearish momentum is provided by the 34 and 89 exponential moving averages (EMA), indicating a potential further decline. Immediate resistance is seen at $2,019, with immediate support at $2,011. Breaking below this support level will open up more opportunities for further decline in this precious metal.
OANDA:XAUUSDShort
by TradingForecast_Signals
GBPUSD: Continuing downtrendHello everyone, The GBP/USD pair has recovered from recent losses in the first trading hours in Asia on Wednesday. The major currency pair touched its lowest level in 4 days near 1.2650 and bounced back towards the 1.2700 mark. Meanwhile, Investors are awaiting the release of the UK's Manufacturing and Services PMI for January to gain new momentum. With the potential formation of a top at 1.2746, indicated by the Dow Theory added to that, the current support level is at 1.2648. Additionally, Fibonacci also points to a retracement of the gold price reaching the perfect levels of 0.5 and 0.618. The expected downward trend is likely to commence with a price decline reaching the level of 1.618, which is at 1.2587, breaking through the current support level.
Short
by TradingForecast_Signals
USDJPY: Continuing uptrendThe Japanese Yen benefited from the hawkish stance of the Bank of Japan on Tuesday, despite a lack of further action. The uncertain global political and economic landscape provides a safe haven for the JPY. Betting on an early interest rate cut by the Fed will support the USD and the USD/JPY pair. My personal observation: The upward trend remains dominant, trading with the trend is always safe. From an analytical perspective: EMA 34 and 89 continue to reinforce this, as indicated by Fibonacci. I highly emphasize a profit target of 151.59 at this time, which is also a Fibonacci retracement level of 1.618.
Long
by TradingForecast_Signals
EURUSD: Movement becomes unpredictableHello everyone. From the 4-hour chart, the downtrend remains the dominant trend for this currency pair, with further evidence of this decline being that EURUSD continues to stay below the resistance level of 1.0900. This movement appears to be influenced by the convergence of the EMA line and nearby resistance levels. Currently, EURUSD is trading sideways with little volatility, but there are signs indicating a potential peak forming from the previous EMA test area around 1.0917. The current support level is around 1.0860-1.0850. If this level is breached, it could push the EURUSD exchange rate further down, potentially reaching the 1.0725 level, which coincides with the final support level that bulls need to defend, as any price support above this level would be meaningless. What about you? Do you think EURUSD will decrease in the future?
by TradingForecast_Signals
EURUSD: declineDear valued readers, Escaping the previous recovery channel has caused the product to decrease in price. At the time of writing, the currency market is still trading below the 1.0900 barrier. The downward trend is very strong because it cannot take advantage of the previous price increase. Furthermore, the Euro is facing downward pressure after consumer confidence in the EU on Tuesday. This has contributed to a more negative market than ever before. It is expected that this price decline will reach 1.0821 and then break through this support level to reach 1.0761 as mentioned on the 4-hour chart. What are your thoughts on this? Do you agree with me?
Short
by TradingForecast_Signals
BANK NIFTY INTRADAY LEVELS FOR 25/01/2024BUY ABOVE - 45110 SL - 44900 TARGETS - 45330,45500,45800 SELL BELOW - 44900 SL - 45110 TARGETS - 44700,44550,44390 NO TRADE ZONE - 44900 to 45110 Previous Day High - 45500 Previous Day Low - 44550 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
4
NIFTY INTRADAY LEVELS FOR 25/01/2024BUY ABOVE - 21470 SL - 21400 TARGETS - 21530,21580,21670 SELL BELOW - 21400 SL - 21470 TARGETS - 21300,21210,21130 NO TRADE ZONE - 21400 to 21470 Previous Day High - 21470 Previous Day Low - 21130 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
XAUUSDIn the European trading session on Wednesday, the price of gold (XAU/USD) continued its downward trend, despite a lack of strong selling pressure. The trading range has been maintained for several days, with traders exercising caution and waiting for further signals from the Federal Reserve regarding interest rate cuts. The market's focus is currently on key economic data from the United States this week, starting with the flash PMI index today, followed by Q4 GDP figures and Core PCE Price Index on Thursday and Friday. Given the risks associated with this important data, expectations for the first interest rate cut by the Fed have now been pushed back from March to May, negatively impacting the price of gold. This is reflected in the slight decline in US Treasury bond yields, strengthening the US Dollar (USD) and limiting the recovery potential of XAUUSD. It is expected that the long-term downward trend in gold prices will continue in the near future.
OANDA:XAUUSDShort
by TradingForecast_Signals
BANK NIFTY INTRADAY LEVELS FOR 24/01/2024BUY ABOVE - 46220 SL - 46000 TARGETS - 46500,46760,47000 SELL BELOW - 46000 SL - 46220 TARGETS - 45800,45580,45440 NO TRADE ZONE - 44900 to 45110 Previous Day High - 46580 Previous Day Low - 44900 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
9
NIFTY INTRADAY LEVELS FOR 24/01/2024BUY ABOVE - 21300 SL - 21210 TARGETS - 21420,21480,21530 SELL BELOW - 21210 SL - 21300 TARGETS - 21130,21030,20970 NO TRADE ZONE - 21210 to 21300 Previous Day High - 21750 Previous Day Low - 21210 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
Gold Market Update Gold prices today continued a subdued trading pattern with minimal fluctuations, mainly moving sideways around $2025 USD, confined within a narrow price wedge. The precious metal is facing pressure as investors reduce their expectations for a Federal Reserve rate cut in March 2024. This sentiment has bolstered US bond yields and the value of the USD, exerting downward pressure on gold prices. The market's focus is currently on the upcoming release of US Gross Domestic Product (GDP) data for Q4 2023 on January 25, followed by the Personal Consumption Expenditures (PCE) index on January 26. These two pieces of data are eagerly anticipated by the market as they are expected to more clearly define the Fed's monetary policy direction in the near future, which will significantly influence the global gold price trend.
OANDA:XAUUSDShort
by TradingForecast_Signals
$DWAC is Skyrocketing along w Trump poll #’s This is Trump’s SPAC that IPO’d back Oct 2021. Based on the the 1st two days of trading, the Fibonacci levels don’t lie. So here’s my thesis.. Since Trumps landslide victory in Iowa primary, this stock has been on a tear, up 240%.. and i have some info that the past week is only the start. Tonight is the New Hampshire primary and i have a hunch that not only beat Nicky Haley, but this stock will CONTINUE TO MOON into SUPER TUESDAY primaries. $442 is not an unreasonable price target based on its action. This may very well be the Gamestop of 2024. NASDAQ:DWAC
DLong
by jgeno
17
Opening (IRA): IWM Feb 16th 187 Monied Covered Call... for a 183.65 debit. Comments: Doing things a little bit differently here, buying stock and selling the -75 delta call against to emulate the delta of a 25 delta short put, but with the ability to immediately defend the position with the short call, rather than waiting to roll the short put. First, the metrics: Max Profit: 3.35 ($335) Buying Power Effect/Cost Basis/Break Even: 183.65 ROC at Max as a Function of Buying Power Effect: 1.82% ROC at 50% Max: .91% Delta/Theta: 23.1/6.31 Now, the why ... . Previously, I looked to ladder out short puts targeting the shortest duration <16 delta strike paying around 1% of the strike price in credit and utilize a portfolio-wide short delta hedge which used buying power to put on and maintain. Here, I'm looking to manage risk on a per-position basis and to take advantage of some IV skew on the call side (i.e., the IV on the call side is greater than the IV on the put side at the correspondent put strike). Because of this, the premium/max profit is a smidge richer doing things this way relative to just selling a put. This only makes sense in a cash secured environment, where you don't get much BP relief going short put over covered call. On margin, this wouldn't make a lot of sense from a buying power efficient standpoint, so I'd use a different setup where I could manage side risk more effectively (e.g., short strangle, iron condor, Jade Lizard). Naturally, there are more BP efficient, IRA-friendly setups (e.g., Poor Man's Covered Call), but they have some warts of their own. From a trade management standpoint, I'll still look to take profit at 50% max, as I would've with the short puts and look to roll out the short call for a credit if it's tested, reducing cost basis further and improving my break even. Since I have nothing on here, I'm going shorter duration than I ordinarily would, but will start building out in longer duration at intervals as I did previously. On a side note, most people (unscientific survey, gleaned from culling through relevant Reddit posts) who "wheel" or do covered calls do not like this setup because it caps out profit, and I fully understand the preference to sell out-of-the-money calls against your stock and manage the position from there, particularly if the stock pays dividends that are decent. My personal preference, however, is to book realized gains "liberally," have a minimal of crap piles on at any given time, and generate a fairly regular cash flow. As we know from the past year, the market doesn't always go up, and the important thing is to be able to reliably make money in up, sideways, and to a certain extent, down markets with a minimum of headaches which is what these setups (out-of-the-money short puts, monied covered calls) allow me to do. Does it have a hugely sexy ROC that I can show off to chicks at bars? No. Does it pay for the bar tab? Certainly ... .
AMEX:IWMLong
by NaughtyPines
Gold clings to modest gains near 2,030 USD - XAUUSDHello dear friends, in today's trading session, the longer-term moving averages EMA 34 and 89 are slightly lower than the current level, limiting the price increase. Finally, the technical indicators do not provide clear direction, as they are not reaching any significant levels. With the potential formation of a cup and handle pattern, I expect gold to rise to around $2040 and then retreat. The "buy on dips" trading strategy for gold continues as long as the significant static support level of $1988 is maintained. The uptrend could strengthen further if strong buying pressure is received from this final support level. Support levels: $2016.40, $2001.60, $1988.60 Resistance levels: $2033.10, $2047.20, $2056.80
OANDA:XAUUSDLong
by TradingForecast_Signals
ABT Abbott Laboratories Options Ahead of EarningsIf you haven`t sold the regional top on ABT: Nor reentered this fantastic dip: Then analyzing the options chain and the chart patterns of ABT Abbott Laboratories prior to the earnings report this week, I would consider purchasing the 115usd strike price at the money Calls with an expiration date of 2024-2-16, for a premium of approximately $2.26. The chart is overextended and the RSI overbought, but I think there is one more leg to go before a correction. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NYSE:ABTLong
by TopgOptions
1
USDJPY: stays below 148.00Dear readers, USD/JPY is experiencing downward pressure and has dropped to the 147.50 level during the European trading session on Tuesday. Following the Bank of Japan's decision to maintain their policy settings as expected, Governor Ueda stated that they will assess whether to keep negative interest rates when the current price target is achieved. As a result, the US Dollar is showing signs of depreciation, so I anticipate that USD/JPY will decline towards the support level at 146.00, where the EMA line is converging, before any new catalysts emerge.
by TradingForecast_Signals
Will EURUSD continue to fall deeply?Hello everyone, let's ponder over the movement of EURUSD this week: will it rise or fall? Here are some insights and analyses from Karina on this currency pair. Observing the chart, it appears that the long-term upward trend of EURUSD is showing signs of weakening, especially since it started declining from a peak near 1.111. The trend seems to be shifting to a sideways movement and might further decrease, particularly as the RSI indicator and candlestick patterns are showing divergence, indicating a diminishing buying strength. Moreover, the recent weakness of the US Dollar (USD) at the end of the week hasn't provided any significant momentum to EUR/USD, even adding more downward pressure on this currency pair. Based on these signs, Karina sets a target and expects that EURUSD might fall to the support level of 1.076. What are your thoughts on this trend?
Short
by Karina_Bella
2
XAUUSD TODAY : Trends and prospects"Hello everyone, what do you predict today's gold price will be - up or down? Let's explore XAUUSD today! Gold prices today are almost unchanged, fluctuating around 2022 USD. With resistance at 2035 USD and a position below the 34 and 89 EMAs, it is clear that the downtrend is still continuing, although there are signs of cooling down. Regarding news affecting gold prices, investors are waiting for important economic reports from the US this week, including the PMI report, fourth quarter GDP data and personal consumption expenditures. This information will provide new signs about the Fed's interest rate policy. According to CME FedWatch Tool, the possibility of the Fed cutting interest rates in March decreased from over 70% to 43.5%, weakening the chance of a strong increase in gold prices. Karina predicts that gold prices will likely continue to decline, but remain at a defensive level from 2005 to 2008 USD. Gold still has a chance to reverse if it holds above this support level. How about you? What do you expect for gold prices in the near future? Please share your opinion below in the comments for Karina to discuss!"
OANDA:XAUUSD
by Karina_Bella
BANK NIFTY INTRADAY LEVELS FOR 23/01/2023BUY ABOVE - 46220 SL - 46000 TARGETS - 46500,46760,47000 SELL BELOW - 46000 SL - 46220 TARGETS - 45800,45580,45440 NO TRADE ZONE - 46000 to 46220 Previous Day High - 46220 Previous Day Low - 45580 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP